KWRRI Research Reports
The Effect of Landowner Attitude on the Financial and the Economic Costs of Acquiring Land for a Large Public Works Project
The purpose of this study was to examine the various economic and financial costs relating to the acquisition of property required for the construction of three reservoirs and to determine if any correlation could be made between the attitudes of the landowners selling property and the costs. Rough River Reservoir, Dewey Reservoir, and West Fork of Mill Creek Reservoir were studied. The costs involved in purchasing right-of-way were classified qualitatively and quantified to the extent possible. A procedure was devised to quantify 15 factors influencing attitude and an equation was derived to predict the landowner's attitude from these determining factors. Two plots were made of attitude versus the associated costs in order to observe the effect of attitude on costs.
The results indicate that although the problem is complex, it is possible and practical to quantify the landowner's attitude and to define the relationship between this attitude and the associated costs.
Digital Object Identifier (DOI)
"The Effect of Landowner Attitude on the Financial and the Economic Costs of Acquiring Land for a Large Public Works Project" is based on research performed as part of a project entitled "The Economic Impact of Flood Control Reservoirs" (OWRR Project No. A-006-KY) sponsored by the University of Kentucky Water Resources Institute and supported in part by funds provided by the United States Department of the Interior as authorized under the Water Resources Research Act of 1964, Public Law 88-379.
Higgins, John Malvern Jr., "The Effect of Landowner Attitude on the Financial and the Economic Costs of Acquiring Land for a Large Public Works Project" (1967). KWRRI Research Reports. 190.
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